币界网报道：Switzerland's Financial Market Supervisory Authority (FINMA) and the U.S. Securities and Exchange Commission (SEC) have outlined distinct regulatory approaches for crypto staking services. FINMA classifies staking as a deposit-taking activity requiring banking licenses, while the SEC treats it as securities offerings subject to registration. Both regulators emphasize investor protection but diverge on compliance pathways—FINMA focuses on banking regulations, whereas the SEC applies securities laws. The guidance aims to clarify legal obligations for platforms offering staking rewards, amid growing institutional interest in proof-of-stake networks. Market participants must navigate these differing frameworks when operating across jurisdictions.